What are the advantages of the scattergraph method over the high-low method? The high- low method over
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
Because the scattergraph method is not restricted to the high and low points ...View the full answer
Answered By
Isaiah Mutinda
As a graduate with Bs in Maths and Computer Science and having worked as a freelance full stack software developer for 3 years running I believe I have what it takes to conformable tutor and mentor a student to a professional developer also.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Question Posted:
Students also viewed these Cost Accounting questions
-
Describe the method of least squares. Why is this method better than either the high-low method or the scattergraph method?
-
Explain why the concept of relevant range is important when dealing with step costs.
-
Refer to the information for Pizza Vesuvio on the previous page. Assume that this information was used to construct the following formula for monthly labor cost. Total labor cost = $5,237 + ($7.40 x...
-
Prove that if a planetary orbit is circular of radius R, then vT = 2R, where v is the planets speed (constant by Exercise 7) and T is the period. Then use Keplers Third Law to prove that Data From...
-
Because of staffing decisions, managers of the Gibson-Marimont Hotel are interested in the variability in the number of rooms occupied per day during a particular season of the year. A sample of 20...
-
Ballard Co. reported $145,000 of net income for 2020. The accountant, in preparing the statement of cash flows, noted the following items occurring during 2020 that might affect cash flows from...
-
How can compensation design help mitigate agency problems?
-
You run a chain of movie theaters, so you commission a marketing study that categorizes your potential customers into 10 equal-sized groups according to what theyre willing to pay for a movie ($10,...
-
A hiker and his dog have discovered a skeleton hidden deep in the woods. The medical examiner has identified this skeleton as female. What characteristics of the skeleton would help the examiner make...
-
On January 1, 2020, Cadbury Corporation sells equipment to Denim Finance Corp. for $380,000 and immediately leases the equipment back. Both Cadbury and Denim use ASPE. Other relevant information is...
-
Describe how the scattergraph method breaks out the fixed and variable costs from a mixed cost. Now describe how the high-low method works. How do the two methods differ?
-
What is a driver? Give an example of a cost and its corresponding output measure or driver.
-
The following table shows values of a periodic function f(x). The maximum value attained by the function is 5. (a) What is the amplitude of this function? (b) What is the period of this function? (c)...
-
According to a report by the Agency for Healthcare Research and Quality, the age distribution for people admitted to a hospital for an asthma-related illness was as follows. a. What is the...
-
(a) To which financial assets does impairment refer to? When are such financial assets impaired? (b) List examples of evidence of an impairment loss. (c) If there is objective evidence that an...
-
Give a counterexample to show that the converse of the statement is false. If \(m\) is odd, then \(m^{3}-m\) is divisible by 3 .
-
State the negation. The time is 4 o'clock.
-
Use proof by contradiction to prove that if \(x+y>2\), then \(x>1\) or \(y>1\) (or both).
-
To see how exponential and logarithmic functions are related. Complete the table of values, and sketch the graph of y = log 10 x. Give the domain and range of the function. X 1 100 1 10 1 10 100 y II...
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
Bindon Furniture Manufacturing has completed its monthly inventory count for dining room chairs and recorded the following information for ending inventory : 600 units 100 percent complete, 300 units...
-
Why is the accounting for a manufacturing business more complicated than that for a merchandising business?
-
What are the three primary elements of manufacturing cost?
-
Large-scale industrial production - accompanied by massive technological change, expanding international communication networks, and pro-growth government policies-generated rapid economic...
-
How can this relate to individuals who have had a TBI and are currently homeless or marginally housed?
-
1. According to Marxian theory, are crises an economic process inherent to the accumulation dynamics of current capitalism? Justify your answer. 2. According to Marxian theory, what do you consider...
Study smarter with the SolutionInn App